Home

Bancroft, MI Real Estate


According to census data in the year 2000 there were 224 housing units in Bancroft. This represents a 7.2% growth from 209 in 1990.

Of those housing units, none were located in either urbanized areas or urban clusters, and 224 were located in what is classified as a rural area.

Homeownership rate in Bancroft is about 83.8%. Bancroft's vacancy rate, including seasonal lodging, is about 6.3%. Average household size is 3.06 people.

The majority of houses, apartments or condos in Bancroft were built after 1939.

Statistics

Housing Size

Housing Units by Size
Studio Type0%
One Bedroom9.40%
Two Bedrooms17%
Three Bedrooms42.90%
Four Bedrooms26.30%
Five Bedrooms or more4.50%
As % of Housing Units
         

Owned Homes, Apartments and Condos

Average Household Size3.2
Median year structure was built1939
Median Value of occupied units$82,400
Median Price asked for vacant units$75,000

Rented Homes, Apartments and Condos

Average Household Size2.29
Median year structure was built1939
Median Monthly Rent asked for vacant units$438

Owners Finance Status

Housing Finance
Second Mortgage & Equity Loan0%
Second Mortgage3%
Home Equity Loan10.20%
Simple Mortgage52.70%
Debt Free34.10%
As % of Housing Units
       
Median part of Monthly Household Income dedicated to covering home ownership costs16.7%